BUR 0.00% 6.1¢ burley minerals ltd

Ann: Consolidation/Split - BUR, page-13

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  1. 1,467 Posts.
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    After consolidation of your current 1,000,000 shares, Roxzen0077, you get 1 new share for 5 x current = 200,000 shares.

    At current share price of 0.004, that takes the new share price to 2c. I think 2c is the minimum price the ASX needs when a company goes through a change of name and change of focus i.e. reverse take-over say Mining to Telecommunications.

    There may also not be the need to prepare a prospectus to go to open market with. A supplementary prospectus may be required as a matter of ‘book-keeping”. I think overall, the consolidation was needed and helps to facilitate an easier transition from earth (BUR) to sky (SSG). .................Perhaps someone else can clarify this?
 
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Last
6.1¢
Change
0.000(0.00%)
Mkt cap ! $10.37M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
2 25285 6.1¢
 

Sellers (Offers)

Price($) Vol. No.
6.6¢ 32879 1
Last trade - 10.00am 28/11/2024 (20 minute delay) ?
BUR (ASX) Chart
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